COP27: What are debt-for-climate swaps and how can they help developing countries?

Nov 9, 2022

COP27 debt-for-climate swaps Prime Minister Barbados Mia Mottley United Nations General Assembly UN Headquarters

COP27: Debt-for-climate swaps allow countries to reduce their debt obligations in exchange for a commitment to finance domestic climate projects. Image: REUTERS/Mike Segar

Soyoung Oh

Junior Research Fellow, The Fletcher School, Tufts University

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COP27 debt-for-climate swaps sea wall beach protect house sand dunes erosion Atlantic Ocean Costa Rica

Costa Rica has carried out two debt-for-nature swaps with the United States. Image: REUTERS/Regis Duvignau

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